AISHANI CONSULTANTS PVT LTD.,NEW DELHI vs. ITO WARD 2(1), NEW DELHI

In the result, the appeal of the assessee in ITA No

Bench: Shri Challa Nagendra Prasad & Shri Naveen Chandra

249(4)(b) of the Income-tax Act, 1961 [the Act, for short] despite the fact that the provisions of this section are not applicable in the case of the assessee. 3. Representatives of both the sides were heard at length. Case records carefully perused. Relevant documentary evidence brought on record duly considered in light of Rule

DCIT, NEW DELHI vs. M/S. GUJARAT GUARDIAN LTD., NEW DELHI

In the result, appeal filed by the revenue against the direction of the Ld

Bench: Shri S.K.Yadav & Shri Prashant Maharishim/S. Guajarat Guardian Ltd, Vs. Dcit, 4-7/C, Dda Shopping Centre, Circle-12(1), (Now Circle- New Friends Colony, 10(2), New Delhi Cr Building, Ip Estate, Pan: Aaacg1622K New Delhi (Appellant) (Respondent) Dcit, Vs. M/S. Guajarat Guardian Ltd, Circle-12(1), (Now Circle-10(2), 4-7/C, Dda Shopping Cr Building, Ip Estate, Centre, New Delhi New Friends Colony, New Delhi Pan: Aaacg1622K (Appellant) (Respondent)

4, 2010. During the Cold Repair process, glass-melting furnace was fully dismantled and rebuilt and other sections of the plant were suitable repaired, renovated, or modernized. In other sections the equipment were repaired/ replaced or renovated/ refurbished as per technical advice. In terms of melting capacity of the furnace, there was no change in the production capacity

MUFG BANK LTD,NEW DELHI vs. ACIT (INTERNATIONAL TAXATION) CIRCLE-2(2)(1), NEW DELHI

In the result appeal of the assessee is partly allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishi(Through Video Conferencing) Mufg Bank Ltd, Vs. Acit (International Taxation), 5Th Floor, Worldmark 2, Asset 8, Circle-2(2)(1), Aerocity, Nh-8, New Delhi New Delhi Pan: Aabct3880D (Appellant) (Respondent)

4 Page 249 of Compilation) and Chandigarh Tribunal in case of The State Bank of Patiala vs. ACIT (ITA No. 215/Chd/2015) (Para 15 Page 264 of Compilation). In view of the above, it is submitted that the disallowance made by the AO applying Rule – 8D(2)(ii)&(iii) is bad in law and deserves to be deleted

DCIT, CIRCLE-20(1), NEW DELHI vs. PRIAPUS DEVELOPERS PRIVATE LIMITED, NEW DELHI

Bench: Shri Challa Nagendra Prasad & Shri Pradip Kumar Kedia

4 detailed submissions made on behalf of the assessee and plea of the Assessee for reversal of disallowance under Section 14A of the Act. The CIT(A) found merit under the normal provisions as well as the alternative tax mechanism provided under Section 115JB of the Act. 5. In keeping with the findings of the Co-ordinate Bench relevant

XL INDIA BUSINESS SERVICES PVT. LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, appeal of the assessee is allowed for statistical purposes

Bench: Shri Bhavnesh Saini & Shri O.P. Kantassessment Year: 2011-12 M/S. Xl India Business Vs. Addl. Cit, Services Pvt. Ltd., Special Range-9, New Delhi Ff-101, Building No. G-11, Sarines Sonia Sadan, Community Centre, Vikas Puri, New Delhi Pan :Aaacx0309A (Appellant) (Respondent) & S.A. No.16/Del/2019 [Arising Out Of Ita No.2145/Del/2017] Assessment Year: 2011-12 M/S. Xl India Business Vs. Addl. Cit, Services Pvt. Ltd., Special Range-9, New Delhi Ff-101, Building No. G-11, Sarines Sonia Sadan, Community Centre, Vikas Puri, New Delhi Pan :Aaacx0309A (Appellant) (Respondent)

disallowances made in the assessment order issued by the Ld. AO, is erroneous and bad in law. Part I - Corporate Tax Grounds 4. That, in view of the facts and circumstances of the case, the Ld. CIT(A)/AO erred in facts and in law, in upholding the taxation of interest income on short term fixed deposits amounting

XL INDIA BUSINESS SERVICES PVT. LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, the appeal of the assessee is partly allowed

Bench: Shri R.K. Panda & Shri Amit Shukla

4) of Section 10A has to be seen in the context of entire income derived from income of export from such eligible undertaking including interest income derived from parking of funds. The words ‘derived by’ undertaking in 40 I.T.A. No.1477, 4833/Del/2017 & 202/Del/2017 Section 10A are derived from the words enshrined in Chapter VI A, and therefore, Profits & Gains of undertaking

M/S. PUNJAB NATIONAL BANK,NEW DELHI vs. ADDL.CIT, NEW DELHI

In the result, assessee’s appeals, namely, ITA Nos

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

4. During the financial year 2006-07, assessee earned exempt income amounting to Rs.58,39,06,899/- from dividend and tax-free income on account of other securities, but the assessee has not disallowed any expense under section 14 A of the Income Tax Act, 1961 (hereinafter, for short “the Act”). Learned Assessing Officer observed that the assessee, having, infrastructure

PUNJAB NATIONAL BANK,NEW DELHI vs. ACIT, NEW DELHI

In the result, assessee’s appeals, namely, ITA Nos

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

4. During the financial year 2006-07, assessee earned exempt income amounting to Rs.58,39,06,899/- from dividend and tax-free income on account of other securities, but the assessee has not disallowed any expense under section 14 A of the Income Tax Act, 1961 (hereinafter, for short “the Act”). Learned Assessing Officer observed that the assessee, having, infrastructure

DCIT, NEW DELHI vs. M/S. PUNJAB NATIONAL BANK, NEW DELHI

In the result, assessee’s appeals, namely, ITA Nos

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

4. During the financial year 2006-07, assessee earned exempt income amounting to Rs.58,39,06,899/- from dividend and tax-free income on account of other securities, but the assessee has not disallowed any expense under section 14 A of the Income Tax Act, 1961 (hereinafter, for short “the Act”). Learned Assessing Officer observed that the assessee, having, infrastructure

ACIT, NEW DELHI vs. PUNJAB NATIONAL BANK, NEW DELHI

In the result, assessee’s appeals, namely, ITA Nos

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

4. During the financial year 2006-07, assessee earned exempt income amounting to Rs.58,39,06,899/- from dividend and tax-free income on account of other securities, but the assessee has not disallowed any expense under section 14 A of the Income Tax Act, 1961 (hereinafter, for short “the Act”). Learned Assessing Officer observed that the assessee, having, infrastructure

PUNJAB NATIONAL BANK,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, assessee’s appeals, namely, ITA Nos

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

4. During the financial year 2006-07, assessee earned exempt income amounting to Rs.58,39,06,899/- from dividend and tax-free income on account of other securities, but the assessee has not disallowed any expense under section 14 A of the Income Tax Act, 1961 (hereinafter, for short “the Act”). Learned Assessing Officer observed that the assessee, having, infrastructure

PUNJAB NATIONAL BANK,NEW DELHI vs. ACIT, NEW DELHI

In the result, assessee’s appeals, namely, ITA Nos

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

4. During the financial year 2006-07, assessee earned exempt income amounting to Rs.58,39,06,899/- from dividend and tax-free income on account of other securities, but the assessee has not disallowed any expense under section 14 A of the Income Tax Act, 1961 (hereinafter, for short “the Act”). Learned Assessing Officer observed that the assessee, having, infrastructure

ACIT, NEW DELHI vs. M/S. PUNJAB NATIONAL BANK, NEW DELHI

In the result, assessee’s appeals, namely, ITA Nos

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

4. During the financial year 2006-07, assessee earned exempt income amounting to Rs.58,39,06,899/- from dividend and tax-free income on account of other securities, but the assessee has not disallowed any expense under section 14 A of the Income Tax Act, 1961 (hereinafter, for short “the Act”). Learned Assessing Officer observed that the assessee, having, infrastructure

PUNJAB NATIONAL BANK,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, assessee’s appeals, namely, ITA Nos

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

4. During the financial year 2006-07, assessee earned exempt income amounting to Rs.58,39,06,899/- from dividend and tax-free income on account of other securities, but the assessee has not disallowed any expense under section 14 A of the Income Tax Act, 1961 (hereinafter, for short “the Act”). Learned Assessing Officer observed that the assessee, having, infrastructure

PUNJAB NATIONAL BANK,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, assessee’s appeals, namely, ITA Nos

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

4. During the financial year 2006-07, assessee earned exempt income amounting to Rs.58,39,06,899/- from dividend and tax-free income on account of other securities, but the assessee has not disallowed any expense under section 14 A of the Income Tax Act, 1961 (hereinafter, for short “the Act”). Learned Assessing Officer observed that the assessee, having, infrastructure

PERNOD RICARD INDIA PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the recalled matter of the appeal in ITA No

Bench: Shri Amit Shukla & Shri O.P. Kant

disallowance has already been the restored to the file of the Assessing Officer and this alternative claim may also be filed before the Assessing Officer and there is no requirement to raise this issue by way of additional ground before the Tribunal. 5.2 We have heard the rival submission and perused the relevant metal on record. As all the facts

PERNOD RICARD INDIA PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the recalled matter of the appeal in ITA No

Bench: Shri Amit Shukla & Shri O.P. Kant

disallowance has already been the restored to the file of the Assessing Officer and this alternative claim may also be filed before the Assessing Officer and there is no requirement to raise this issue by way of additional ground before the Tribunal. 5.2 We have heard the rival submission and perused the relevant metal on record. As all the facts

PERNOD RICARD INDIA PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the recalled matter of the appeal in ITA No

Bench: Shri Amit Shukla & Shri O.P. Kant

disallowance has already been the restored to the file of the Assessing Officer and this alternative claim may also be filed before the Assessing Officer and there is no requirement to raise this issue by way of additional ground before the Tribunal. 5.2 We have heard the rival submission and perused the relevant metal on record. As all the facts